700 point move on GBPJPY (SHORT)What do you think GBPJPY
After a crazy aggressive move to the downside we need a breather. We are currently at 50% retracment of the bullish run we’ve had. A breather to the upside would be a lower high. I’m looking at a 700 point move from 164. To 157. Long term swing
Geppy
08/08/2019 GBP/JPY possible reversal - we are at bottom - Possible reversal to 61% fib level starting tomorrow or possibly next week.
The Geppy has been hitting the bottom for a week making pin bar candle which translates possible uptrend coming soon.
Bearish psychology has been denied, possible uptrend soon.
GBPJPY Creeping Towards My Take Profit Then What?As predicted, GBPJPY is slowly creeping towards my Take Profit which is at the previous high level 148.000. When price reaches this level, I will bank the remaining portion of my position and look for signs of supply for a short setup. This setup will take place in the form of a bearish structure formation and I will enter the short upon confirmation of the break.
Contact me via direct message for any assistance required
Best regards
Linton